Mysten Labs, Inc.
Headquarters
Palo Alto United States
About us
To create foundational infrastructure to accelerate Web3 adoption and enable a more decentralized internet.
Mysten Labs builds foundational infrastructure for web3, focusing on making decentralized protocols secure, reliable, and ready for mass adoption. The company is best known for creating Sui, a high-performance Layer 1 blockchain, along with Move, a proprietary programming language designed specifically for smart contract development. Founded in 2021, Mysten Labs operates as a research and deployment lab that tackles complex problems across distributed systems, cryptography, and game theory. The team works on everything from core blockchain infrastructure to consumer-facing applications, with a mission to bring the next billion users to web3. Based in Palo Alto but operating globally with a remote-first approach, the company attracts engineers who want to solve foundational internet-scale challenges.
Products
Sui blockchain is Mysten Labs' flagship product — a high-throughput, low-latency Layer 1 network that uses the Move programming language for secure smart contracts. The ecosystem includes DeepBook for DeFi order books, Walrus for decentralized storage, and Enoki for digital asset infrastructure. Consumer products include the Slush wallet for cross-platform crypto interactions and SuiPlay0x1, a handheld gaming device integrated with the Sui network. The company also offers SuiNS for readable digital identities and recently launched Walrus Memory, a context layer for AI agents.
Funding
Mysten Labs has raised $336 million across two major rounds, reaching a $2 billion valuation. The company secured a $36 million Series A in December 2021, led by Andreessen Horowitz. A massive $300 million Series B followed in September 2022, backed by Jump Crypto, a16z, Binance Labs, Coinbase Ventures, FTX Ventures, Apollo Global Management, and other prominent investors. The funding supports the company's mission to build infrastructure for mass web3 adoption.
Recent news
In June 2026, Mysten Labs launched Walrus Memory, a portable memory layer for AI agents that enables them to carry context across applications and sessions while keeping users in control of their data.
Technology
Frontend development uses React Native with Expo for cross-platform apps, TypeScript for type safety, and Tailwind CSS with NativeWind for styling. Backend services run on Node.js and Bun, utilizing Drizzle for database operations, Pothos for GraphQL schemas, and Effect for functional programming patterns. Data flows through GraphQL APIs with Relay for efficient client-side caching. The infrastructure includes Postgres databases, Redis for caching, and Rust for performance-critical blockchain components. The team uses a monorepo architecture managed with Turbo and pnpm.
Benefits
Remote-first culture with hiring across the world and flexible work arrangements. Health coverage includes fully paid medical, dental, and vision insurance, plus HSA and FSA options. Family support comes through 18 weeks of paid parental leave and flexible PTO with 11 paid holidays. The company provides wellness stipends, mental health counseling, fitness app access, and privacy protection services. Financial benefits include 401(k) plans, competitive equity packages with token grants, and annual refresh programs. Team connection happens through annual all-company retreats and regular offsites.